The_SharkTrader

Bank nifty trade plan for 31-05-2023

Long
NSE:BANKNIFTY   Nifty Bank Index
Bank nifty was in yesterday' range, no new price action formed on chart

set up is still same buy on dips

2 scenario can work tomorrow

1. If gap wait for price to pull back and enter at dip

2. If price opens gap down, let seller's get exhausted and from support make a buy entry with 50-60 points SL at day's low and 1:3/5 or previous day's high as target

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.